Accounting – 1/17/18

I.  Bellwork

  • .Page 237 Q&A 1-2 Show your work

II.  Objective:

  • Complete a worksheet using proper procedures, making adjustments, and determining Net income/loss
  • Interpret information from a worksheet and construct financial statement in accordance with GAAP
  • Journalize and post closing entries for a service business organized as a proprietorship
  • Prepare a post-closing trial balance in accordance to GAAP

III.  Use Aplia:

Reinforcement Activity Part B – Page 238

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